In how many years will Rs. 7050 double itself at 8% simple interest per annum?
Difficulty: Hard
About this MCQ
Hard interest Mcqs item. Correct choice: D. 12 years.
- A. 10 years
Why not A: “10 years” is not 12 years.
- B. 14 years
Why not B: “14 years” is not 12 years.
- C. 13 years
Why not C: “13 years” is not 12 years.
- D. 12 years ✓
Correct answer
D. 12 years
Explanation
12 years (option D) is the accepted answer to “In how many years will Rs. 7050 double itself at 8% simple interest per annum”. Option A (10 years) is a different value from 12 years. Option B (14 years) is a different value from 12 years. Option C (13 years) is a different value from 12 years. Keep 12 years as the interest Mcqs fact for this stem.
Source: FPSC/NTS Generated Practice Set
Tags: FPSC, NTS, Interest
Submitted by: MCQsHub Editorial
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